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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lafayette at 2313 Manitoba Dr, Lafayette, IN, 47909 with 5% annual appreciation on a $219,999 basis while $1,540/mo rent supports operations. Total monthly income totals $1,540/mo and a $1,077/mo payment preserves $219/mo for cash returns. Annual cash flow comes to $2,630/yr on $72,930 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 8.4%. Five-year ROI measures 121.99% and total cumulative return in cash totals $88,967.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,540/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
6,799 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $219,999 |
| 2019-01-29 | Sold | $115,000 |
| 2018-12-19 | Price change | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-05 | $957.30 | 23.94% | $130,500 | 15.90% |
| 2022-05-05 | $772.38 | 38.27% | $112,600 | 13.97% |
| 2021-05-05 | $558.60 | 22.09% | $98,800 | N/A |
Listed by: Ken Cary • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515821
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
